The management and supervisory boards of Demag Cranes (D9CGn.DE) will examine the takeover offer from U.S. rival Terex (TEX.N) once they have received it, Demag said on Wednesday. Terex unveiled the hostile $1.31 billion bid for Demag two days ago, going directly to shareholders after talks with Demag failed to secure a deal.
Terex Corporation (Terex) is a diversified global equipment manufacturer of a variety of machinery products. Shares of TEX fell by 2.83% or $-0.96/share to $32.95. In the past year, the shares have traded as low as $16.79 and as high as $38.50. On average, 2271130 shares of TEX exchange hands on a given day and today's volume is recorded at 2100365.
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